QI Systems, Inc. Files Application with GPEB

Share Name	Share Symbol	Market	Type
QI Systems (MM)	NASDAQ:QIIIF	NASDAQ	Ordinary Share

QI Systems (NASDAQ:QIIIF)
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From May 2019 to May 2024

QI Systems, Inc. Files Application with GPEB RICHMOND, British Columbia, March 4 /PRNewswire-FirstCall/ -- QI Systems Inc. (BULLETIN BOARD: QIIIF, TSX Venture Exchange: QII.U) , the industry leader in smart card solutions, announced today that the company has filed a registration application with the British Columbia Gaming Policy and Enforcement Branch seeking certification to provide goods and services to the gaming industry in British Columbia. The Gaming Policy and Enforcement Branch (GPEB) is authorized by the provincial government to oversee the implementation of policy related to the gaming industry, lotteries and horse racing. GPEB also conducts background investigations and registers companies to participate in the gaming sector. GPEB reports that gaming operations in British Columbia produced approximately $2 billion CN in revenue annually, representing approximately 10% of the total gaming revenue in Canada. While the per capita spending on gaming in BC increased by 235% between 2000 and 2002, the 2002 average of $451 per adult was one of the lowest per capita wagering rates in Canada. This rate is expected to climb dramatically in the coming years as the number and size of casinos in the province increase. Currently BC casinos are smaller that the facilities in most other provinces. QI Systems, Inc. intends to position the company to capitalize on the anticipated growth in the BC gaming industry, offering smart card solutions and technical assistance to various gaming operations. QI Systems Inc. (http://www.qisystems.ca/) designs hardware and software for the rapidly expanding smart card industry. The company is a world leader in supplying top-to-bottom solutions for smart card applications in a wide variety of industries. QI Systems Inc. has a high level of expertise in delivering stored value solutions for specialized needs. Matters discussed in this press release are "forward-looking statements," and can be identified as such because the context of the statement will include words such as "expects," "anticipates," or words of similar import. Statements describing the Company's future plans, objectives or goals are also forward-looking statements, and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those currently anticipated. Consider these factors carefully in evaluating any forward-looking statements. Forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy of this news release and has not investigated the validity of these claims. Approved on behalf of the Board Steven R. Garman President & CEO QI Systems Inc. CONTACT: Steven R. Garman, President & CEO - TEL: 604.248-2301 - FAX: 604.248.2306 - INTERNET: http://www.qisystems.ca/ DATASOURCE: QI Systems, Inc. CONTACT: Steven R. Garman, President & CEO, +1-604-248-2301, or fax, +1-604-248-2306 Web site: http://www.qisystems.ca/

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QIIIF QI Systems (MM)